Smart company rarely had to write down inventory. in the past, when inventory write-downs were necessary, the company debited cost of goods sold. recently, write-downs have become more common and smart is concerned about the distortion of its gross profit percentage. what alternative is available under gaap?

By changing its recipe, a smoothie chain is reacting to a change in the environment. while it is important to be able to quickly adapt, it is also important to take a proactive approach to changes in the marketing environment. implementing a proactive approach requires constantly scanning and analyzing the environment so that changes do not come as a surprise. the statements below are findings from environmental scanning and analysis. select the marketing environment force that best describes each of the statements listed.